Two complete interior remodels, new retaining wall.

This way, you can ensure that all parties are on the same page.Alternative Arrangement: Another viable option is the one you mentioned—where the builder constructs the home at a discounted rate, and you, as the investor, handle the sale and retain all profits.

Driving for dollars can be an effective strategy the costs (gas, time, energy, materials) have to be added to the deal analysis. 

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

.* We request as much due diligence material as possible in the beginning.* We get as close as possible to ironing/feeling out deal terms that would be agreeable to the seller in advance of submitting an offer, including site visits if they are located in the same market we are vs. out of state/market.All of the above data provides us with enough of an analysis to know what our deal parameters are going to be, at least to within a few percentage points.

Alas - I learned every step of the way about ordering materials, working with contractors, scheduling, insurance issues, etc.

Not to mention insurance, LABOR, water/sewer rates, building materials, etc. 

I have included a slide on cost segregation analysis and how our interior design work can help to support with the owner's material participation hours and furnishing, upgrades to the property, including landscaping can all factor into that analysis. 

Basic services like garbage collection don’t qualify.Material participation: Owners must pass one of the seven material participation tests, such as:You spend more than 500 hours working in your short-term rental business.You carry out all the necessary tasks to run the business yourself.You work more than 100 hours in the business, and no one else contributes more time than you do (this is often considered the best and easiest test to meet).

The goal is to compile a comprehensive list of candidates who meet the initial criteria for further evaluation.Analysis of Public InformationReview publicly available information, including the sponsor’s website, marketing materials, and any available financial reports.